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TIP506: How Jeff Bezos Built Amazon
We Study Billionaires - The Investor’s Podcast Network
Bezos's Long Term Vision
During the late 90s, Amazon and Bezos went on a buying frenzy as they purchased a number of companies to try and continually build out their competitive moat. eBay was unique because the individuals were the sellers in an auction style on their site. This led Amazon to eventually release third-party sellers to allow individuals to start selling on Amazon but at a fixed price rather than the auction style format. Since Bezos was just a workaholic and really pushed his employees to work a ton of hours, many executives left that either wanted to spend more time with family or wanted to start a family of their own. There wasn't much of a work-life balance if you worked for Amazon in the early
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